2022
Flag  
GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 61 / 186
2012-2022
Flag
GDP GROWTH
22%CURRENT US$
Rnk 117 / 186
2022
Flag
GDP PC 
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH
85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC
$21,258CURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP PC GROWTH
21.5%CURRENT US$
Rnk 80 / 186

About

Bulgaria-Slovakia Trade: In 2022, Bulgaria exported $476M to Slovakia. The main products that Bulgaria exported to Slovakia were Industrial Fatty Acids, Oils and Alcohols ($58.8M), Excavation Machinery ($58.8M), and Raw Zinc ($39.3M). Over the past 5 years the exports of Bulgaria to Slovakia have increased at an annualized rate of 13.5%, from $253M in 2017 to $476M in 2022.

In 2020, Bulgaria exported services to Slovakia worth $36.2M, with Transportation ($14.5M), Computer and information services ($8.57M), and Travel ($5.37M) being the largest in terms of value.

Slovakia-Bulgaria Trade: In 2022, Slovakia exported $655M to Bulgaria. The main products that Slovakia exported to Bulgaria were Broadcasting Equipment ($173M), Video Displays ($68M), and Cars ($33.2M). Over the past 5 years the exports of Slovakia to Bulgaria have increased at an annualized rate of 3.21%,  from $559M in 2017 to $655M in 2022.

In 2020, Slovakia exported services to Bulgaria worth $28.4M, with Travel ($8.91M), Transportation ($7.31M), and Computer and information services ($4.68M) being the largest in terms of value.

Comparison: In 2022,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $476M to Slovakia. The main products exported from Bulgaria to Slovakia were Industrial Fatty Acids, Oils and Alcohols ($58.8M), Excavation Machinery ($58.8M), and Raw Zinc ($39.3M). During the last 5 years the exports of Bulgaria to Slovakia have increased at an annualized rate of 13.5%, from $253M in 2017 to $476M in 2022.

In 2017, Slovakia exported $655M to Bulgaria. The main products exported from Slovakia to Bulgaria were Broadcasting Equipment ($173M), Video Displays ($68M), and Cars ($33.2M). During the last 5 years the exports of Slovakia to Bulgaria have increased at an annualized rate of 3.21%, from $559M in 2022 to $655M in 2017.

Exports from Bulgaria (Flag) to Slovakia (Flag) (2022)

Exports from Slovakia (Flag) to Bulgaria (Flag) (2022)

Latest Data

Trade between Bulgaria (Flag) and Slovakia (Flag)

Bulgaria Exports

Slovakia Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Slovakia
Top Destination
Germany$22.2B

This map shows whether countries import more from Bulgaria or Slovakia. Each country is colored based on the difference in imports they receive from Bulgaria and Slovakia or the difference in the growth in imports.

In 2022, countries that imported more from Bulgaria than Slovakia included Romania ($6.55B), Greece ($2.93B), and Turkey ($2.95B).

In 2022, countries that imported more from Slovakia than Bulgaria included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

Difference in imports from Slovakia (Flag) and Bulgaria (Flag) (2022)

Comparative Advantage Bulgaria - Slovakia

Flow
Scale

This chart compares trade between Bulgaria and Slovakia by product, considering products traded by both, Bulgaria and Slovakia.

During 2022, Bulgaria had a large net trade with Slovakia in the exports of Machines ($151M), Metals ($101M), and Chemical Products ($68.6M).

During 2017, Slovakia had a large net trade with Bulgaria in the exports of Machines ($380M), Transportation ($53.5M), and Metals ($43.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Slovakia+$9.24MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Slovakia Bulgaria+$22.7MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Bulgaria exported services to Slovakia worth $36.2M, with Transportation ($14.5M), Computer and information services ($8.57M), and Travel ($5.37M) being the largest in terms of value.

In 2020, Slovakia exported services to Bulgaria worth $28.4M, with Travel ($8.91M), Transportation ($7.31M), and Computer and information services ($4.68M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria (Flag) to Slovakia (Flag) (2020)

Services Exports from Slovakia (Flag) to Bulgaria (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Bulgaria and Slovakia. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Slovakia. Similarly, a dot/product with the flag of Slovakia indicates it has a comparative advantage over Bulgaria.

Product Space of Bulgaria (Flag) and Slovakia (Flag) (2022)

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